Powered by

Home Insight

Top 13 Fintech Unicorns in India

By Viestories
New Update
publive-image
Top Fintech Unicorns in India

As we know India is one of the emerging economies and growing day by day. if we talk about startup then it is the third largest country in the world that produce startup. But starting a startup is not only enough they also want to become a unicorn. Every Startup owner dreams of becoming a Unicorn and India is also the third country in the world that gives unicorns.

India has more than 100 Unicorns, and if we talk about the specific fintech sector then there is also numbers of startup in this sector. In this article, we will see some top fintech startups.

13 Most Popular Fintech Unicorns in India

Here is the list of the 13 Best Fintech Unicorns in India

1. Zeta

Zeta - Fintech Startup in Bangalore India
Zeta - Fintech Startup in Bangalore India

Zeta is a Bangalore-based fintech startup founded by Bhavin Turakhia and Ramki Gaddipati in 2015. The Platform offers its products to banks, fintechs, and enterprises globally. It helps its users by providing payment solutions from vendors, employee payment management, and more.Top 10 Fintech Unicorns in India

Read also - Best Online Gifting Startups In India 2024

It also offers Tachyon Suite for launching neo bank and facilitating loan processing for payment solutions. In 2021, the company raised $250 Mn in its Series C funding round and entered the unicorn club. Zeta was founded by Bhavin Turakhia and Ramki Gaddipati in 2015 and backed by multiple investors such as SoftBank Vision Fund and Sodexo.

2. slice

Zeta - Fintech Startup in Bangalore India
Zeta - Fintech Startup in Bangalore India

slice is a Bengaluru-based fintech startup that provides Credit cards for consumers. It is specially designed for youth where they can easily use credit through a Slice-VISA card, an app to manage expenses. Users can make bill payments, cash withdrawals, and online or offline purchases through credit cards.

Read also - Parking Tech Startups in India

According to the company it has more than 5 million active users. In 2021, the company raised $220 Mn in a Series B funding round and became a unicorn. Slice was founded by Rajan Bajaj in 2016 and backed by Das Capital, Insight Partners, Pegasus Wings Group, Tiger Global, and others.

3. PhonePe

Phonepe - Bengaluru-Based Fintech Startup
Phonepe - Bengaluru-Based Fintech Startup

PhonePe is a Bengaluru-based fintech startup where users can send and receive money. Apart from this, they can also pay mobile and DTH bills, check account balances, mobile recharges, and more. They also offer some other options like mutual funds, tax-saving funds, liquid funds, international travel insurance, SIP, etc.

Read also - Top Car Rental Startups in India

As per a report in May 2022, 49.9% of transaction happened with phone pay which make it India's biggest UPI-based payments app. Just after three years, in 2018 the company became a unicorn. PhonePe was founded by Burzin Engineer, Rahul Chari, and Sameer Nigam in 2015. It is backed by Walmart, General Atlantic, and Flipkart.

4. open

Open - Neo-Banking Start-up
Open - Neo-Banking Start-up

open is a Banglore-based neo-banking start-up that provides business banking, payments, and expense management services. It helps small businesses to manage cash flows, automate accounting, and get easy access to the credit line.

Read also - Top 10 Profitable Unicorn Startups in India in 2024

In May 2022. open became the 100th unicorn in the country. Open was founded by Anish Achuthan, Ajeesh Achuthan, Mabel Chacko, and Deena Jacob in 2017. It is backed by Temasek, BEENEXT, 3one4 Capital, Trifecta Capital Advisors and others.

5. Groww

Groww - Trading and Investment Platform
Groww - Trading and Investment Platform

Banglore-based Groww is a trading and investment platform. With the help of Groww users can invest and trade in stocks, futures & options, mutual funds, ETFs, IPOs gold, and more. Apart from this it also provides technical charts where users can track and analyze the market.

Explore the List of Unicorn Startups in India.

It has secured $83 Mn in a Series D funding round and entered the fintech unicorns. Groww was founded by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal in 2017. It is backed by Sequoia Capital, Y Combinator, Ribbit Capital, Kairos, and others.

6. Paytm

Paytm - Fintech Unicorns in India
Paytm - Fintech Unicorns in India

Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India in 2010.

India's largest digital payment app makes it secure and seamless to pay using UPI, make bill payments, recharge mobiles, DTH, data card & Metro Card etc.

7. CRED

Cred - Offers Rewards for Paying credit Card Bills
Cred - Offers Rewards for Paying credit Card Bills

CRED is a Banglore-based platform that offers Rewards for paying credit card bills on time. It helps card users pay their bills and earn cred coins. It also manages multiple credit cards in a single platform. In 2021 it has raised $215 Mn at a valuation of $2.2 Bn and become unicorn.

Read also - Top 20 Agritech Startups in India | Indian Agritech Startups 2024

CRED was founded by Kunal Shah in 2018 and it is backed by multiple investors such as Ribbit Capital, DST Global, Falcon Edge Capital, Rainmatter Technology, Sequoia Capital India, Gemini Investments, and more.

8. CoinSwitch Kuber

CoinSwitch Kuber - Bengaluru-based Crypto Platform
CoinSwitch Kuber - Bengaluru-based Crypto Platform

CoinSwitch Kuber is a Bengaluru-based crypto platform where users can trade, buy, sell, and store 100+ coins in the platform. The company helps simplify crypto transactions. There a zero fees for trading, deposit, and withdrawal in the first 100 days.

Read also – Top 20 Best EdTech Startups in India to watch in 2024 | Indian Edtech Startups

In 2021, the company raised $260 Mn in a Series C funding round and entered in the unicorn club. CoinSwitch was founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari in 2017.  It is backed by Tiger Global Management, Coinbase Ventures, Ribbit Capital, and others.

9. Upstox

Upstox - First Discount Broking Firm in India
Upstox - First Discount Broking Firm in India

Upstox is a tech-first discount broking firm in India that provides trading services across different segments, including mutual funds, equities, commodities, futures, and options.

A trading platform in terms of finance is a computer software through which you as an investor or a trader can open, close and manage your positions in the market.

10. BharatPe

BharatPe - QR Code-based Payment Fintech Startup
BharatPe - QR Code-based Payment Fintech Startup

BharatPe is a Delhi-based fintech startup that provides QR code-based payment solutions for consumers and businesses. The company mainly focuses on merchant payments. Users can use the app to pay the bill in multiple areas such as groceries, restaurants, cabs, salons, mobile businesses, and energy bills.

Read also - Top 10 Information Technology (IT) Startups in India

In 2021, the company secured  $370 Mn in a Series E funding round at a valuation of $2.85 Bn and entered the unicorn club. BharatPe was founded by Ashneer Grover and Shashvat Nakrani in 2018. It is backed by Sequoia Capital, Ribbit Capital, BEENEXT, Insight Partners, and others.

11. CoinDCX

CoinDCX - Cryptocurrency Fintech Platform
CoinDCX - Cryptocurrency Fintech Platform

CoinDCX is a Mumbai-based fintech platform that provides cryptocurrency exchange. The Platform helps its users buy and sell cryptocurrencies. They offer multiple features such as crypto deposit and withdrawal solutions, investing and trading solutions, and others. In 2021, it secured $90 Mn in a funding round and became Unicorn.

Read also – Top 20 Free Reseller Apps in India To Choose For Selling Or Shopping

CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal in 2018. It is backed by B Capital Group, Mehta Ventures, Jump Capital, Uncorrelated Ventures, Coinbase, Polychain Capital and others.

12. OneCard

OneCard - Pune-based Fintech Startup
OneCard - Pune-based Fintech Startup

OneCard is a Pune-based fintech startup that offers Credit cards for consumer payments. It offers multiple services such as credit limit, online or offline transactions, contactless payments, instant rewards redemption, and more.

Read also – Top 10 Best Crowdfunding Platforms in India | Indian Crowdfunding Sites

Their service is available in more than 12 cities. In July 2022, the company secured $100 Mn and became Unicorn. OneCard was founded by Anurag Sinha, Vaibhav Hathi, and Rupesh Kumar in 2018. It is backed by QED Fund, Sequoia Capital, Matrix Partners, Temasek, Ocean View Investment and others.

13. Acko

Acko - General Insurance Company in India
Acko - General Insurance Company in India

Acko General Insurance is a private sector general insurance company in India in November 2016. the company received its license from the Insurance Regulatory and Development Authority of India in September 2017.

It is a digital-first direct-to-consumer company that builds and operates technology and services platforms.You can track your renewals and claims, manage insurance policies and health e-cards directly through the ACKO app.

Conclusion

The fintech startup in India is growing exponentially, several fintech startups are contributing to the digital transformation of India. These Startups provide multiple solutions to their users as well as businesses. The future of fintech startups is very secure.

This was our selection of the Top 10 Fintech Unicorns in India. We hope this is useful to you. The order of this list is random.

Frequently Asked Questions (FAQs)

What is a Fintech Startup?
It is a platform where they offer a financial solution in simple ways with the help of technology.
Who is the founder of Groww?
Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal founded Groww.
Which are the Top 10 Fintech Unicorns in India?
Zeta, slice, PhonePe, Open, Groww, CRED, CoinSwitch Kuber, BharatPe, CoinDCX, and Onecard are the Top 10 Fintech Unicorns in India.
Read the Next Article

Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)

Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.

By Viestories
New Update
Weekly Startups Funding News Report For Monday, 17 June 2024 to Saturday, 22 June 2024
Weekly Startups Funding Report

Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get all Indian statups news at Viestoires.

Weekly Startups Funding News [25 October 2024 - 29 October 2024]

Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding

Homversity Funding News - Homversity has Secured $1 Million in Pre-Series A Round Funding

Stellaris Venture Partners Funding News - Stellaris Venture Partners has closed its third Fund at $300 Million

CADRE ODR Funding News - CADRE ODR has Secured $200,000 in Strategic Funding

Ladies Who Lead Funding News - Ladies Who Lead has Secured $1 Million in Pre-Series A Round Funding

Nazara Technologies Funding News - Mumbai-based Nazara Technologies has Secured Rs 855 crore in Funding

ParkMate Funding News - ParkMate has Secured $1.2 Million in Pre-Series A Round Funding

Univest Funding News - Univest To Secured $16 Million in Funding

Arihant Foundations & Housing Funding News - Arihant Foundations & Housing Limited has Raised Rs 109 Cr in Funding

Alt Mobility Funding News - Alt Mobility has Raised $10 Million in Series A Round Funding

ShopDeck Funding News - ShopDeck has Raised $8 Million in Series B Round Funding

BitSave Funding News - BitSave has raised Undisclosed Amount in Pre-Series A Round Funding

True Diamond Funding News - True Diamond has Secured $1 Million in Seed Funding

Ikin Global Funding News - Ikin Global has Secured $1 Million in Pre-Series A Round Funding

All Things Baby Funding News - All Things Baby has Raised INR 30 Cr in Funding

OneCard Funding News - OneCard To Secures INR 239.4 Cr From Peak XV Others

Solarworld Energy Funding News - Solarworld Energy Solutions Secured Rs 110 cr in Pre-IPO Placement

Biomaterials Funding News - Biomaterials startup Ukhi has Raised $1.2 Million in Pre-Seed Funding

Beyond Appliances Funding News - Beyond Appliances has Secured $2 Million in Seed Funding

Elchemy Funding News - Elchemy has Secured $5.6 Million in New Funding

18 Oct. to 23 October 2024 Funding News

Zepto  Funding News - Zepto has Secured Another $350 Mn From Domestic Investors

KGeN Funding News - Decentralized gaming network KGeN has Secured $10 Million in Funding

Zopper Funding News - Zopper has Raised $25 Mn in Series D round Funding

CredFlow Funding News  - CredFlow raises $3.7 Million in Pre-Series B Round Funding

Order For Health Funding News - Order For Health Secures INR 1 Crore in Seed Series Round Funding

OneCell DiagnosticsFunding News - OneCell Diagnostics has Secured $16 Million in Series A Round Funding

Abyom Funding News - Abyom has Secured $2.5 Mn in the First Tranche of $5.4 M Seed Funding

Locad Funding News - Locad has Secured $9 Million in a Pre-Series B Round Funding

Doodhvale Farms Funding News - Doodhvale Farms has Secured $3 Million in Funding

Taqtics Funding News - SaaS Platform Taqtics has Secured $1.2 Million in Seed Funding

Baanhem Ventures Funding News - Baanhem Ventures has Secured Rs 3.3 crore Fresh in Funding

Indic Wisdom Funding News - Indic Wisdom Secures $2 Million in Pre-Series A Round Funding

PeLocal Funding News - Fintech startup PeLocal Secures $2 Million in Seed Funding

Proost Beer Funding News - Proost Beer Secures INR 30 Cr in Series A Round Funding

Theranautilus Funding News - Deeptech Startup Theranautilus Secures 1.2 million in Seed Funding

Swish Funding News - 10-minute food-delivery Startup Swish Secures $2 Million

HealthKart Funding News - Omnichannel nutrition platform HealthKart Secures $153 Million in Funding

Matrix Geo Solutions  Funding News - Matrix Geo Solutions Secures Nearly $1 Million in a pre-IPO Funding

Adani Green Energy  Funding News - Adani Green Energy plans to raises $2 billion through bonds and loans

VoloFin Funding News - Supply Chain Fintech VoloFin Raises $50Million in Funding

11 Oct. to 16 October 2024 Funding News

LegalKart  Funding News - LegalKart Secures Rs 6.5 Cr in Fresh Round Funding

Airbound Funding News - Drone Startup Airbound Receives Funding from Lightspeed

SarvaGram Funding News - SarvaGram Secures Rs 565 Crore in a Series D Round Funding

Pavestone Technology Funding News - Pavestone VC Closes its Pavestone Technology Fund at INR 816 Cr

Mushin Innovative Funding News - Mushin Innovative Labs raises $250K in Seed Series Round led by Inflection Point Ventures

ePlane Funding News - The ePlane Company Raises $14 Million in Series B Round Funding

Pikndel Funding News - Pikndel Raises $1 Million in Seed Round Funding

Ennoventure Funding News - AI SaaS startup Ennoventure has raised $8.9 million from Tanglin Venture Partners

BlackBuck Funding News - BlackBuck Secures INR 501 Crore from Anchor Investors

Vedantu Funding News - Vedantu Secures $2.3 Mn Debt and Equity Capital Funding from Stride Ventures

Curefoods Funding News - Curefoods Raises $9.6 Mn Funding Led by Binny and Jitender Kumar Bansal

Qure.ai Funding News - Qure.ai Secures $65M Series D Funding Round Led by Lightspeed and 360One Asset

HomeLane Funding News - HomeLane to Acquire Design Cafe and Raises Rs 225 Cr Funding

Seekho Funding News - Seekho to Raises $8-10 Mn Funding from Lightspeed and Elevation

Care.fi Funding News - Fintech Startup Care.fi Raises Rs 8 Cr in Debt Funding Round

12 September 2024 - Funding News

Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.

GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.

Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.

Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.

Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.

Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.

Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.

11 September 2024 - Funding News

Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.

Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).

InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.

Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.

 Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).

10 September 2024 - Funding News

Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.

Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.

Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.

AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.

Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.

9 September 2024 - Funding News

Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.

5 September 2024 - Funding News

Nautical Wings Funding News - Nautical Wings Aerospace Raises Pre-Series A Funding

Rapido Funding News - Rapido Secures $200 Mn Funding Round from WestBridge

4 September 2024 - Funding News

Sunsure Energy Funding News - Sunsure Energy Secures Rs 226 Cr Long Term Debt Funding

Spolto Funding News - Sports-tech Startup Spolto Secures $1 Mn in Seed Funding Round

Valyx  Funding News - Valyx Raises $800K Pre-Seed Funding Round Led by Huddle Ventures and Waveform Ventures

3 September 2024 - Funding News

Mytek Innovations Funding News - Infratech Startup Mytek Innovations Secures Rs 6 Cr Debt in Funding

Plan B Funding News - Kids Innerwear Brand Plan B Secures Funding from JIIF, Others

Theater Funding News - Theater Secures $1.5 Mn Pre-Series A Funding Round

2 September 2024 Monday - Latest Funding News in India

Mintifi Funding News - Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.

Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.